Were you the victim of Lightpath Capital, Inc. broker Paul Getty (CRD# 6470002)? He has been registered with Emerson Equity LLC in San Mateo, California, since 2024. He was registered with Lightpath Capital, Inc. in San Jose, California, from 2017 to 2024, Emerson Equity LLC in San Jose, California, from March to November 2017, Colorado Financial Service Corporation in San Jose, California, from 2016 to 2017, and Concorde Investment Services, LLC in San Jose, California, from July to December 2015.
Paul Getty Customer Complaints
He has been the subject of five customer complaints between 2022 and 2025, according to his CRD report:
March 2025. “Breach of fiduciary obligations/duties; breach of contract; negligence/professional negligence; violation of regulation BI; violations of Nevada Securities Act; Violations of Nevada laws protecting older or vulnerable persons from abuse, neglect or exploitation; violations of the Nevada deceptive trade practices act; violations federal rules and regulations; general equitable principals that apply in arbitration. Trades done in 2019,2020 and 2021. Allegations against representative Getty would be for suitability. Getty is not a respondent in this matter.” The customer is seeking $435,068.09 in damages, and the case is currently pending.
March 2025. “Misrepresentation and omission of material facts, unsuitability, breach of fiduciary duty, negligence and gross negligence, breach of contract/breach of covenant of good faith and fair dealing, violation of state securities and/or consumer protection statutes. Purchases made between 2019 and 2020.” The customer is seeking $140,000 in damages, and the case is currently pending. The complaint was regarding real estate securities losses, and it took place while he was registered with Lightpath Capital, Inc.
May 2023. “Claimants collectively invested $697,474.19 in real estate private placement between November 2019 and February 2020 which failed due to the due to the unforeseen and unprecedented impact of the COVID pandemic on the student housing sector and the sponsor’s failure to repay the bridge equity it borrowed to acquire the property, which was discovered in December 2021, and ultimately resulted in a forced sale of the property. Claimants filed an arbitration alleging violation of federal securities laws, violation of California securities laws, California unfair, unlawful, and fraudulent business practices, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence. The firm denies all allegations. Additionally, the firm aggressively facilitated litigation for the benefit of investors to recover losses for investors which resulted in a favorable settlement with the sponsor and a jury award against the bridge equity lender and investors have already received a partial return of their initial investment.” The customer sought $696,494.19 in damages, and the case was settled for $130,393.19. The complaint was regarding direct investment losses, and it took place while he was registered with Lightpath Capital, Inc.
December 2022. “Claimants collectively invested $2,034,006 in a real estate private placement between October 2019 and March 2020 which failed due to the unforeseen and unprecedented impact of the COVID pandemic on the student housing sector and the sponsor’s failure to repay the bridge equity it borrowed to acquire the property, which was discovered in December 2021, and ultimately resulted in a forced sale of the property. Claimants filed an arbitration alleging violation of federal securities laws, violation of California securities laws, California unfair, unlawful, and fraudulent business practices, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence. The firm denies all allegations. Additionally, the firm aggressively facilitated litigation for the benefit of investors to recover losses for investors which resulted in a favorable settlement with the sponsor and a jury award against the bridge equity lender.” The case was settled for $379,606.81. The complaint was regarding direct investment losses, and it took place while he was registered with Lightpath Capital, Inc.
August 2022. “Claimant invested in a real estate private placement in November 2019 which failed due to the unforeseen and unprecedented impact of the COVID pandemic on the student housing sector and the sponsor’s failure to repay the bridge equity it borrowed to acquire the property, which was discovered in December 2021, and ultimately resulted in a forced sale of the property. Claimant filed an arbitration alleging breach of contract, violation of state securities statutes, violation of consumer protection statutes, claims under common law, and vicarious liability. The firm denies all allegations. Additionally, the firm and its representatives formed and led a steering committee that spent hundreds of hours aggressively facilitating and assisting in the development of legal strategies and pursuing litigation efforts against the sponsor and the bridge equity lender for the benefit of investors, ultimately resulting in a significant favorable settlement with the sponsor and a jury award against the bridge equity lender.” The customer sought $150,000 in damages, and the case was settled for $25,000. The complaint was regarding direct investment losses, and it took place while he was registered with Lightpath Capital, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Lightpath Capital, Inc. may be liable for investment or other losses suffered by Paul Getty’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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